The following are comparative balance sheets for Crane Company. Additional information: 1. Net income for 2025 was $158,100. 2. Depreciation expense was $57,800. 3. Cash dividends of $66,300 were declared and paid. 4. Bonds payable with a carrying value of $85,000 were redeemed for $85,000 cash. 5. Common stock was issued at par for $71,400 cash. 6. No equipment was sold during 2025. 7. Land was sold for its book value